ALPH

Alephium's tokenomics revolve around its native ALPH token, which has a hard cap of 1 billion. At mainnet launch, 140 million ALPH (14%) were minted, allocated for presales, community, ecosystem development, treasury, and team, with varying vesting periods. The remaining 860 million ALPH (86%) are designated as mining rewards, to be distributed over approximately 80 years. A key feature is the burning mechanism: all transaction fees are burned, and Proof-of-Less-Work can also involve token burning under high hashrate conditions. Recent updates introduce a tail emission model, replacing the hard cap to incentivize miners long-term.

Alephium's Proof-of-Less-Work (PoLW) dynamically adjusts mining difficulty using token economics, consuming 87% less energy than Bitcoin under equivalent network conditions. Unlike traditional PoW, PoLW eliminates block reward competition while maintaining ASIC-resistant mining through its sharding architecture. This positions Alephium as the most energy-efficient UTXO-based smart contract platform, using 1/8th of Bitcoin's energy per transaction.

No, due to fundamental architectural differences. Alephium's stateful UTXO model and custom Alphred VM require contracts to be rewritten in the Ralph language. However, Ralph's Rust-like syntax and asset-centric design reduce common vulnerabilities like reentrancy attacks present in Solidity. Developers benefit from Alephium's Asset Permission System which eliminates approval risks and enables gasless meta-transactions.

The Danube upgrade introduces groupless addresses, allowing single-address management across all shards without user awareness of underlying architecture. For developers, the SDK provides abstraction layers for cross-group transactions while the BlockFlow algorithm handles inter-shard consensus automatically. This eliminates the 'shard awareness' requirement present in early sharded blockchains, enabling seamless asset transfers comparable to non-sharded networks.

Alephium's MEV-resistant architecture and sUTXO model inherently prevent: - Flash loan exploits through atomic transaction isolation - Unlimited approvals via the Asset Permission System - Reentrancy attacks via VM-level call restrictions Additionally, Ralph language includes built-in safeguards against integer overflows and unauthorized state mutations. These features provide institutional-grade security for DeFi applications without requiring external auditing.

Alephium's mining algorithm supports both GPU and FPGA devices, with open-source miners available on GitHub. The PoLW mechanism adjusts work requirements based on tokenomics rather than pure hashrate competition, creating a more accessible mining ecosystem. Miners earn 0.5 ALPH per block currently, with locked coins released after 500 minutes. The tail emission model ensures perpetual mining incentives post-81 years.